Mnuchin's Recap Plan? You are craaAAzy?
Trump/Mnuchin/C.Phillips approved the NWS 2.0 in September 2019 (SPS increased for free), besides a one-off $3 billion worth of SPS in the December 2017 amendment, to evade the $0 Net Worth as of 2018, required in the 3rd PA amendment, a few days after I warned with a tweet that it's a breach of the Charter Act that requires the management to have always a minimum Net Worth, without specifying more.
Their Core Capital remains stuck at $-194 billion every quarter due to the NWS 2.0 (concealed with fraud in the financial statements)
With a $205 billion Minimum Leverage Capital requirement as of September 30, 2022, there is a $400 billion Capital shortfall.
All part of a Separate Account plan: the Common Equity is held in escrow.